As many as 85 new jobs over the next 5 years are coming to Davie County.
Pro Refrigeration, Inc. plans to create those jobs and invest 4.9 million dollars as it expands operations by locating a new east coast production facility in Mocksville. This will gain the company maximum benefits from performance-based incentives which were approved by the Davie County Economic Development Commission. The project was also made possible in part by a performance-based grant from the One North Carolina Fund of up to $75,000. The state grant will be based on the company creating 58 jobs, and investing 3.6 million dollars over the first three years of the project.
The One North Carolina Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. The companies receive no money up front, and must meet job creation and investment performance standards to qualify for grant funds.
In making the announcement this week, North Carolina Governor Pat McCrory said, "Manufacturers like Pro Refrigeration know that my administration is committed to growing this important part of North Carolina's economy."
In a statement, Pro Refrigeration CEO Jim VanderGiessen said, "Pro has a great deal riding on this expansion; it is definitely one of the biggest moves we've undertaken. Some reasons we chose Davie County were the skilled workforce, the business friendly environment, and the amazing support we've received from everyone we've met."
Pro Refrigeration is a privately-held company that designs, manufactures, and distributes refrigeration systems for the dairy, winery, food processing, medical, and craft brewing industries. The company has more than 50 employees currently operating from its headquarters in Washington State, and a sales office in Georgia. Salaries will vary by job function, but the average annual wages for the new jobs will be $38,296, plus benefits. The average annual wage in Davie County is $30,415.
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